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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 15, 1970, Lethbridge, Alberta _ Tuiidoy, Dscumb.r 15, 1970 THE IETHBRIDGE HERALD 21 Stock market sharply lower TORONTO (CP) The To- ronto stock market was sharply lower in light mid-morning trad- ing today. On index, industrials dropped .88 to 170.99, base metals .35 to 89.08 and western oils .40 to 187.89. Golds rose .45 to 166.99. Volume by 11 a.m. was shares, compared with at the same time Monday. Losses outnumbered gains 116 to 72 with 183 issues unchanged. Weakest sectors were banks, communication, merchandising and steels. Fourteen of the exchange's 17 sub-groups were lower. Bell was down to Royal Trust to Canada and Dominion Sugar !A to Petrofina Vt to Stelco to Rio Algom Vt to Northgate 15 cents to and Total Pete 10 cents to Acklands rose 1 to Dome Mines Vt to Siiverfields 20 cents to Placer Vs to Scurry-Rainbow to and Central-Del Rio Trading was suspended in shares of Peace River Mining and Smelting pending clanhca- tion of the company's financial status. The stock closed Monday at 80 cents. Grain prices Winnipeg Grain WINNIPEG (CP) Most commodities were or. a buoyant price pattern on mod- el ately active trading at mid- fession on the Winnipeg Grain Exchange today. Flax had aggressive exporter buying and heavy hedge offers were being absorbed. Rapeseed was mainly a local and commission house trade. Rye had good commission nouse buying with selling by lo- cals and other commission houses. Oats was steady on a light domestic shipper trade while barley was shotting a little strength on good domestic shipper buying. Monday's volume of trade was bushels of flax, of rapeseed and of rye. Mid-session prices Flax: Dec. 1% higher May 1% higher July 1% higher Oct. un- changed 2.55B. Rapeseed Vancouver: Jan. higher March 4% higher 2.84A, May 3% higher 2.73B, July not open. Rapeseed Thunder Bay: Dec. 2% higher 2.64B, April 3 higher 2.73B, June not open. Oats: Dec. unchanged 87A, May unchanged July not open. Barley: Dec. unchanged May higher July, Oct. not open. Rye: Dec. higher May higher 1.11V4, July higher Oct. not open. Prices for class two wheat Monday for export to countries outside IGA: 1 Nor. 1.83; 2 1.81; 3 4 1 Durum 2 3 4 IGA prices: 1 Nor 1.83; 2 1.81; 3 4 1.70% 1 Durum 2 3 4 Quotes Monday: High Low Close Flax DC 243 241 243 May 253 250% 253 Jly 253% 230% 253 Oct 255 Rapeseed Vancouver Jan 287 2827s 287 Mar 280 277% 279% May 269% 266V4 269% Oct W Uapeseed Thunder Bay Dec 26114 Apr 270 270 Jim 266 Oats Dec 37 May Jly 87% Barley Dec '27% May 128-4 128% Jly 128% Oct 120 Rye Dec May 111 110 H0% Jlv 112 111 112 MONTREAL (CP) Prices were mixed in moderate trading today on the Montreal stock market Utilities, banks and pa- pers recorded fractional gams while the other sectors moved lower. C om h in e d volume on the Montreal and Canadian Stock Exchanges to 11 a.m. was shares traded, compared with the shares that had changed hands by the same time Monday. Distillers Seagrams, off to SSO'A reports net earnings of S19.420.000 or a share for the' first quarter ended Oct. 31, up from or in ;he corresponding period last Utilities dipped to International Nickel to Shell Canada to Alcan Aluminum to and Abitibi to Texaco Canada rose to ?28, Pacific Petroleum to Im- asco to S15V4, Cummings Properties to Dominion Textiles to and Consoli- dated-Bathurst to On index, utilities gained .05 to 148 28, banks .04 to 175.40 and papers .07 to 91.61 while in- dustrials were down .77 to 173.69 and the composite index .54 to 169.70. NEW YORK (AP) The stock market, resisting strong pressure from profit taking, erased some of its early-session losses today as trading slowed a bit. At noon, the Dow Jones aver- age of 30 industrials was down 3.36 to 819.82. Earlier the Dow had been off more than 5 points. Among C a n a d i a n s on the NYSE, Dome Mines gained 1 to while down Vi were Alcan at and Genstar Ltd. at On the American Stock Ex- change, Scurry Rainbow Oil was off at and Cana- dian Javelin was down Vt at Kevisville man acquitted RED DEER (CP) Patrick Montour, 52, of Kevisville, has been acquitted of a charge o non-capital murder hi the dealt April 5 of Rose Strawberry, 32. also of Kevisville The seven men and five wo- men of the jury deliberated about 90 minutes before return- ing their verdict. Miss Strawberry died of as- phyxiation near a countr road in the Kevisville district following a drinking party. Dr. Otto Huhn, a Calgary patholo- gist, told the court the woman chocked to death after a blob of mud lodged in her windipipe. Beef futures WINNIPEG (CP) The Winnipeg live beef futures mar- ket, was moderately active Mon- day with trades being executed at prices ranging from current levels to 15 points higher. Five trades were completed Friday. Open High Low Close Jan '29.45 29.50 29.40 29.50 Mar 2940 29.40 29.30 29.30 Mav 29. SON Vancouver, Calgary, Montreal by Doherty, Roadhmisc and McCuaig) LAST HID OH SALE mark Pans Miscellaneous quotations Cheers, jeers CommOHS gives approval "1 to government's grains bill (lt-00 e.m. Quotes) WESTERN OILS Almlnex Asarnura Banff DP Oil Gas Can South Cdn EX Gas Ashland Cdn Homestd i.75 14.00 12.50 5.50 'ihnn a.ivi Jefferson Lake Jouiol Kaiser Res Knm Kolia L Ont Porl Com Mentor Newconex Pacific Pcic Rank Org Cdn Long Is Cdn Super Con Del Rio Charter Chleftan Dynamic Pete Gt Plains Mill City North Cdn Oil Numac Permo Petrol Pinnacle Ranger Scurry Rain Spoonpr W. Decalta .55 37.25 a.m. Quotes) Gr In Shores 3.04 3.34 .94 Invest Gr 7.25 Invest Mutual 1.00 IDS Vent 2.15 Mutual Ac .66 Mutual Gr F 05 Mutual in 2B.OO Nat Res U.OO N W Fin 32.50 N W Gr 32.75 N W Equity Principal Gi 2.62Vi Prov AAutual 3.75 15.75 Royfund United Universal Sav Shell Inv Wts 10.62'A Sicks Rainier 600 West Cdn Seed 7.60 While Yukon 1.13 CALGARY 31.75 Acroll ''10 1.65 Ana Pete .W 5.75 Barons Oii .06" 7.V5 North Cent .70 plains Pete -36 1.31 West Warner .89 Madison 13.00 Rexdale -'0' 22.75 PIPELINE STOCKS 1.90 Ajta Gas Tr 1. A 6.30 Alta Gas Tr L Pld 79.00 Alta Nat Gas 23.00 __________ Cdn W Nat Gas 15.25 Atco Ind 9.12V4 inland Nat Gas 10.00 Wd6 'KaannddrCB PfdS Cdn Brew B Pld 35.75 Ga! Metro 4.70 Cdn Hydro Car 15.62'A Tr Cdn Pipe M.SO gj 5.00 Westeoast Tr 19.621, imenor 5 Western Pacific Jericho 13.E7VI MUTUAL FUNDS Kamloops Copp 2 33 Lornex 6.88 7.52 Modrona 10.22 11.17 5.08 5.S6 3.43 3.75 4.79 5.27 4.18 4.60 4.65 5.11 6.96 7.45 3.80 4.18 4.55 5.00 5.11 5.62 3.64 4.00 6.31 6.70 5.11 5.27 4.38 6.57 7.22 MISCELLANEOUS INDUSTRIALS CPR Cygnus A Cygnus B Cum Prop Gt Cdn Oil S Home Oil A Home Oil B Home Pittld Hud Bay Co Hud Bay Oil Hud Bay Oil Pld 53.58 Hugh Russ 28.75 VANCOUVER Anuk Arcllc Mining Atlas Explor Beth Copper Bornite Ridge Block Bros B.C. Sugar Cap; Inter Churchill Copper Coronation Credit Cvoyden Dolly Varden Dynasty- Port Reliance Giant Mascot Granisle Key Indust Growers B Hys Interior Brew .18 5B 13.75 .10 3.70 16.00 1.05 1.05 .21 3.85 9.95 2.25 5.00 AGF Specie. 26.75 All Cdn Com 26.87V2 All Cdn Divid 1-75 All Cdn Venl 14.87'A Amr Gr F 35.87V2 cdn Gr Cdn Invest F Col Mutual nuyll iu.u V.UI Ivlvluu Husky Oil Cmnw Int Husky Oil B Pfd 40.00 Cmnw Le Husky Oil War 7.05 Corp I------ Inter Prov Pipe 13.50 Corp In St Intl Utll Pfd 31.00 Dreyfus F I Inter Steel Pipe 8.12V3 Gr Equity 7.89 8.62 Hew cronin 324 3.54 New Imp Mines 4.80 5.27 Okanagan Helicop 5.88 Primer 4.39 4.81 Pyramid 5.53 6.08 Silver Stand 11.44 12.54 Texmont 2.86 3.13 Trojan 5.05 5.52 Western Mines A 44 4.85 Westcoast Res 1101 1207 Western Explor S.75 6.31 Ullca 3.'lO .14 27 1.33 .47 .28 3.55 .16 .26 .62 Toronto Supplied by a.m. Quotes) mines, industrials Richardson Securities of Canada LAST BID OR SALE a.m. QuuTesl a.m. Quotes) PARIS (Renter) The Place dc 1'Etoile, site of the Arc de Triomphe, was formally ren- amed today in honor of Charles de Gaulle at a ceremony marked by both jeers and ap- plause. With part of the crowd of chanting "sacrilege" and "long live the Eloile." a blue plaque reading "Place Charles de Gaulle" was unveiled by Premier Jacques Chaban-Del- mas at one corner of the great circular plaza. Similar plaques were installed a[ 24 spots around the plaza, hub of 12 im- josing avenues. The crowd came to blows among themselves, marking the deep division of opinion on the of one of the world's best known landmarks. The boos came from people who thought the name change nappropriate because of the po- sition that the Place de 1'Eloile holds in French history. The ap- plause came from Gaullists and other Parisians who saw the change as a fitting tribute to the French leader who died Nov. 9. BOYCOTT CEREMONY Communist. Socialist and Radical members of the Paris city council, angered by their failure to have (lie change re- considered, boycotted the cere- mony. Advocate Asb. Akaifcho Area Mines Belcher iron Black Bay Bralorne Broulan Betlehem Brunswick Canada Tung. Cassiar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Cralgmont Dickenson Mine Denison Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mine East Malarfrlc East Sullivan Falconbrldge Frobex First Maritimes Giant Y.K. Gunnar Granduc Headway R.L. Holllnqer Hud.. Bay M-S Hydra Ex. Highland Bell Irnn Bay Iso Jolict Quebec Kerr Addlstm Key Anacon Labrador Lake Shore Lettch Langis Silver Macassa Madsen R.L. Mslartic G.F. Martin McNeely Maybrun Maclntyre Mftfa Midrim Intern Mogul .07 1.35 13.75 4.35 2.01 23.25 2.45 1.58 9.90 .81 -16 .45 8.95 1.27 23.50 .07 1.05 59.00 .20 1.02 .23 1.05 9.00 1.17 6.60 9.25 35.00 19.25 ,18V 2.87 3.30 1.72 .21 9.30 .25 33.25 3.10 1.50 .08 .72 -13Vi .2flVs 10.25 New Athona New Calumet New Imperial Ncranda Northgate OpemiEKa Osisko Palino Pine Point Placer Dev. P.C. Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Siiverfields Sherritl Gordon Silver Miller Sleep Rock Siscoe Tek Corp. Texmont' Upper Canada Western Mines Wright Har. Wlllroy Windfall Yellowknife Br. INDUSTRIALS ADitibi Alcan Algoam Steel Atco Ind Allan Sugar Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar CAE Ind Cdn Brew Cfcemcsll Col -cellulose cal Power Corori Credit CWN Gas Cdn Indust Canada s s Cdn Marconi Cdn Vickers Chrysler CPR 1 Cominco Cons Bath Cons Gas Dist Sea 2.00 28.8714 8.'40 9.45 .35 29.25 32.25 72 .24 1.20 .28 16.12% 6.50 1.85 16.37V2 .06V3 2.35 1.82 6.15 2.01 3.50 1.14 .13 4.80 .11 8.00 52.37Vi 13.50 9.00 7.50 64.00 8.12'A 25.75 16.00 4.50 7.00 26.50 1.20 11.00 10.50 28.50 2.80 9.75 27.87V2 68.00 23.12'A 10.62'A 18.75 50.25 Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Fam Play Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Fap Gulf Oil Cda Hakwer Sid Huron, Erie Hiram Walk Imperial OII Imperial Tob Int Nickel Int Pipe Inv. Gp A Int Utilities Indust Accept Laurentide Kelly Doug A Loeb Loblaw A Metro Stores Massey Ferg McMillan Bloc Moore Corp Molsons A North, Cent Pembina Pp Power Corp Price Co Rofhmans St Law Corp Shell CDA Simpson's Simp Sears Stesl of Can Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatile Mfg Westeel Union Car Weston's B Woodward's A West- Cdn 5H BANKS Can Imperial Montreal Nova Scotia Royal Tor-Dom 19.00 14.25 12.25 9.50 75.62% 22.75 10.37% 53.00 3.90 80.00 18.55 19.00 18.00 40.25 19.50 15.00 45.25 27.00 7.00 34.75 16J5 6.00 5.00 3.55 4.80 29.00 26.87VI 32.87'A 15.00. B.50 11.00 19.00 32.50 17.37Vi 21.25 25.75 9.87% 28.00 10.25 19.00 34.25 15.37% 41.00 3.35 8.50 13.62% 20.00 17.25 3.65 19.87% 14.50 50.87% 52.87' 20.25 New Yorfc stocks Supplied by Richardson. Securities ot Canada Amr T and T Anaconda Bin Steel Chrysler Comsat Dupont General Motors Gulf Inl Harvester Kenn Copper lery Ward 29.62V2 20 Golds U7.00 up 75.25 10 Base Mel oil 71.S7V4 IS W Oils 187.SJ olf .33 Volume 3J.871AHEW YORK AVERAGES 30 indust SIWH oil 3 IS 77.87'A Wcstinghouse Elec 67.57V4 20 Rails 15428 off .80 2? 42'A U.S. Steel 29.75 15 Utilities 118.35 up .35 2700 TORONTO AVERAGES 65 Stocks 261.42 Oil .81 20 Incfust 171.15 off .72 Volume 4B.75 Montgi 20.50 Sears J0.87V: Sid Oil of N.J. 27.50 Texas Gulf J8.75 Texas Co Wooiworth Time Limit For Receiving Petitions For Private Bills Take notice that fhe time for receiv- ing petitions for Private Bills at the next Session of the Legislative Asembly will ex- pire on Monday, the First day of February, 1971. W. H. MacDonald, Clerk of the Legislative Ajiembly. Livestock report Lethbridge Livestock Letlibridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 150 cattle. Receipts mostly slaughter steers and cows. Trade active. Good and choice butcher steers meeting reasonably good de- mand at steady prices, with odd sales to 29.90. Medium grades fully steady. Good and choice butcher heifers scarce and selling steady. Cows selling at steady rates. Medium and good heavy feeder steers meet- ing good local demand at firm prices. Choice steers 29.25 to 29.75; good 28.50 to 29; medium 27 to 28.25. Low choice heifers 27.50 to 28; good 26.75 to 27.50. Good cows 19.50 to 20.50; me- dium 18 to 19: canners and cut- ters 14 to 17.50. j Good heavy feeder steers I over 900 Ibs. 29 to 29.70. i Butcher hogs sold Monday f.o.b. Lethbridge 22.30 to 22.40 base price. HOG REPORT Monday sales 1250 hogs. All classes weaner and feeder hogs met good demand. Weaners sold steady to strong. Light feeders under 100 Ibs. strong to higher. Heavy feeders over 100 Ibs. about st'eariy. Weaners 6 to 12 light feeders under 100 Ibs. 13 to 13.25; heavy feeders 100 to 130 Ibs. 16 to 21.50: heavy feeders over Ibs. 20 to 24.50. All prices per head. Light feed- ers under 100 Ibs. sold from 18 to 28 per cwt. Heavy feeders over 100 Ibs. 14 to 16 per cwt. Calgary Livestock CALGARY (CP) Receipts to 11 a.m 875 head, mostly slaughter cattle. Trade was ac- tive with a good local and in- province demand. Slaughter steers were steady at Monday's lowest lew and steers weighing more than pounds were dis- counted .75 to 1.00. Heifers were steady. Cows were main- ly medium" and canner kinds. All grades of cows sold steady with good kinds to 21, bulls steady. Choice steers 29.25 to 30, good 23 to 29, medium 26.50 to 27.75. Choice heifers 28.25 to 29.10, good 27 to 2J3, medium 25.50 to 26.75. Good COWS 20.25 to 20.75, medium 18.50 to 20, canners and cutters 13 to 18. Good bulls 21 to 24. Replace mcnt cattle were mainly feeder cows selling to a good local demand at steady prices. Stock calves were scarce and steady. Good feed- er steers under 750 pounds 33 to 33.50, 750 pounds up 29 to 32.50. Good feeder cows 18 to j 22.50 with sales to Good stock steer calves 37.50 to 41 good stock lieit'er calves 31 to 34.50. No hogs were sold. Potato J'ulures WINNIPEG (CP) There was only a light trade on the Marilinics potato futures mar- ket Monday with some trades in May and offers in other months but no buyers. No traddcs were completed Open High Low Close Mar 2.60A. Apr 2.78A Mav 3.12 3.15 3.12 3.1) Hog prices EDMONTON (CP) Prices to 11 a.m. supplied by the Al- berta Hog Producers Market- ,ng Board: Edmonton: Quoted 21.55 to 22.10, selling 21.55, average Monday 22.16. Red Deer: Quoted and sell- ing 21.75, average Monday 22.24. Calgary: Quoted 21.55 to 22.10, selling 21.55, Monday av- erage 22.34. Lsthbridge: No sales, aver- age Monday 22.35. Lloydminster: No sales, av- erage Monday 21.40. Sows et all points 12.64. Total hogs sold to 11 a.m.. 784. Total hogs sold Monday 946. Provincial average 22.19. OTTAWA (CP) The govern- ment's bill to alter Canada's system of grading, handling and marketing grains was given third and final reading in the Commons Monday night. Passage came on an informal voice vole following the defeat earlier at the report stage of an amendment by Jack Horner The legislation now goes to the Senate. Mr. H o r n e r 's amendment would have deleted a clause in the bill that he said would strengthen labor's hand in bar- j gaining with elevator operators. I It was defeated 108 to 38. Standing in the 2S4-seat Com- mons: Liberal 153, Conserva- tives 73, NDP 23, Creditiste 13, Independent 1, vacant 1. Debate on the bill Monday I was quiet compared with the stormy sessions of the Com- mons agriculture committee in which it was discussed. The bill would effect a far- reaching revision of the Canada Grains Act of 1930. It would implement a wheat graiding procedure that would include examination for protein content as well as visual char- acteristics, and would strengthen the control of the board of grain commissioners over movement and marketing of grain. Mr. Horner contended that one of the bill's clauses should be deleted because it would give organized labor representing grain handlers too much control over the fate of farmers's in- comes. LOWER CHARGES The clause would lower grain storage charges at elevators to a predetermined rale a cases where grain movement was held up by work stoppages. The rate would go into effect seven days following a stop- page. Agriculture Minister H A. Olson said the clause is only meant to protect farmers by lowering storage charges when their grain cannot move through no fault of their own, at a time when elevator costs are lower because of work stoppages. Mr. Horner maintained eleva- tor operators would be forced to settle at unreasonable terms with employees because of the threat of lowered revenues after j serves Act is scheduled to be seven days. I terminated this year. Under current government j At present, however, the gov- proposals, farmers would hear j eminent pays storage charges the brunt of storage charges on wheat in storage exceeding since the Temporary Wheat Re- 178 million bushels. Proposed shipment of coal protested EDMONTON (CP) A tele- gram, protesting proposed ship- ment of Canadian coal to Brit- ish Columbia via the United States has been sent to Trans- port Minister Don Jamieson by Jack Pickelt, secretary trea- surer of Local 12.13 of the Uni- ted Transportation Union. Approval of the proposed route would deprive Canadian Eg g prces EDMONTON (CP) Weekly egg and poultry report issued by the Alberta Department of Agriculture: citizens of jobs, Mr. Pi c ke 11 said here. The telegram follows a meet- i ing of the Canadian Transport Commision Friday in Ottawa. Koolenay and Elk Railway Co. is seeking rights to use CPR track to ship Alberta and B.C. coal to the B.C.-Montana bor- der and then via United States routes to the Roberts Bank su- perport on the Pacific coast. Approval of the proposed route would deprive Canadian citizens of jobs, Mr. Pickett said in the telegram. These jobs should not be lost "in view of current high unemployment rates." He said employees of Local the United 16; B 19; C 6; cracks 6. To retailers A large 51 to 52; A medium 41 to 42; A small 27 to 28; B 33 to 34; C 19 to 20; cracks 19 to 20. To consumers (in A large 55 to 56: A medium 45 go 49; A small 31 to 36. Poultry To producers Live No. 1 Chicken Broilers, 1914. Fold Under 4, 5. Turkey Under 12, 12 to 18, over 18, 24. Live No. 2 chicken Broilers, 17. Turkey Under 12, 12 to 18, over 18, 22. j represents about 250 conduc- I tors, trainmen and baggage- j men of CNR at Edmonton. j "That isn't the he said. "I sent the wire as a con- j cerned Canadian citizen. i "It isn't enough that we sell our resources. We can't even Measles kills 30 LA PAZ, Bolivia (Reutcr) Thirty persons have died in a measles epidemic in the village of Paicho near the border with Argentina, authorities said Mon- day. Investment firms must open books OTTAWA (CP) A bill giv- ing watchdog powers over fed- erally-incorporated investment firms to the government was given final approval by tie Commons and sent to the Sen- ate. The bill requires invest- ment companies to report more fully on their financial transac- tions and allows government inspectors to go over their bocks. happiness! ML stages before it gets to you1 CNDKK liKGISTnY At the beginning of 1970. merchant vessels were under German rejistry. CALGARY POWER I7WW ;